Posts Tagged North South Divide

Do short-term governments affect the UK’s productivity?

Since the economic crisis labour productivity growth in the UK has been very poor. The Bank of England estimate that output per hour (productivity) is 16% lower than it should be given pre recession trends. With output recovering and high levels of employment, many argue that the

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Grangemouth highlights the competitive problems of the Rest of the UK

The recovery in the British economy is now firmly established.  Output in the services sector, the largest part of the economy, is above the previous peak level prior to the crash in 2008.   There is a widespread myth that the recovery is fueled by debt-financed personal spending.

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Our Friends in the North are trapped in a monetary union

Michael Heseltine’s report on economic growth came out last week.  It contains 89 recommendations.  A mere 57 varieties, to recall the famous Heinz slogan, might have connected it more with popular culture. The report has already attracted a lot of comment, mainly that Lord Heseltine seems nostalgic

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